First of all, please do take note that the sole reason for this post is to “update” others that have been stuck in the same place as I have been in regards to an investment I have made in Monkey Capital last year in the sum of about 25BCH. This is not to speak only “for” Monkey capital, (Factory Banking/Futereum), It is simply a re-checking of facts and the current status of the project. And The naming of various reasons why one should perhaps re-consider.
Let’s start where the project started, the aim of the project at first was something totally different than what the products out there now represent, almost none of the promises that were made in the first 2-3 months into the project were kept, instead, plans got changed all the time, swaps happened, people got left behind occasionally, dumps happened, prices fell, so on so on. We’ve seen done many times in crypto and it leaves you with a scammy feeling so you run from these devs and their projects.
I too started having doubts so I have personally left and have not been around or in the project at all, as it seemed to be a never ending ride of getting my hopes up only to get them smashed back down, by the non-execution of things stated by Daniel Harrison. They simply didn’t deliver as promised and rumors of lawsuits against Daniel was the final straw for me.
However, I personally liked Daniel and his style and his ideas were amazing to me so I have recently gone back and checked on the project (as I am still waiting for the delivery of a few hundred COE in my name, and what I have found does seem like after all the emotional-rollercoaster ride it may end up well for the investors, not because it only sounds promising but as well because there are hard facts and developments that simply can not be denied. This is not about if or if not Daniel Harrison is a good person, or if the accusations that have lots speaking for them as well as against them are true or untrue, this is about the project and if or if not it has solid merit and active development and if it will ever see the light of day, and quite frankly if the team and Daniel Harrison continue like they have been doing or if they deliver on what I think is a coin with a billion+ market-cap potential. Dan’s ideas can be revolutionary for crypto if the only execute on their ideas and business plan. I truly believe in the potential of MC tech.
First of all, there is the main website that has been up for a while: FactoryBanking.com
Some things are not functional and do not work yet, however, the website is up, along with the 2 smartcontracts (products as I call them) Futx and Futr (Futx which is/got listed on cryptopia).
If these 2 Smart contracts have been built and have been put into place, one could safely assume that the COE and MNY smart contracts will also be built and put into place. Which would complete the current set-up and make COE a very valuable asset if FUTR and FUTX work out. And it seems to me like there is a large chance of that happening if one considers all the factors, but mainly POV.
POV (Proof of Value) As they call it is their main invention, now while anyone can practically copy it and implement the POV principle for their own (pow) currency, which may happen, but we all know very well that those that are first will usually do best. (Bitcoin and Ethereum are proof of that). One can easily see that 99% of all currencies out there currently are basically nothing but a copy of those, and while the Futx and Futr are as well only ERC20 tokens, they apply a mechanism (POV ) that is totally new to the market and will either succeed in taking over or fail. I do not think there is an in-between, it will be either or and in case of success (which is very likely considering the model and the math, value harnessing and functionality) COE (therefore my investment in Monkey capital) will also have been a success. And at the end of the day, one can throw accusations around as long as they want, I myself doubted and have even left as I didn’t think it will result, but if at the end of the day the project succeeds then all the struggle and accusations become irevelant instantly. Why? Simple, Almost each and every project struggles, and has their ups and downs, as well as the changes plans on the go… and while MC was exceptionally good at doing just that, driving some of the investors insane along the way, if at the end of the day (and it has not even been 1 year) the project succeeds in some shape or form, and gives me a +ROI then in my book it was a good investment, and whatever happened along the way simply becomes irrelevant. Look at all the chaos and accusations around bitcoin and ETH yet who regrets investing in them? If something has great potential to be revolutionary and great team is put into place then I have always taken the calculated risk and bet big on that coin and it’s team. And I have been right most of the time thus far.
So before closing this up, if you invested in Monkey Capital and have sent in your COE or MNY for the swaps last year, do yourself the favour and check out the current standing of the project. Just take a closer look like I just have and you may change your minds.
Also, Everyone (
Absolutely EVERYONE) should also give a listen to the following 2 PODCASTS that are out so far as they well describe exactly why POV could possibly be a groundbreaking thing to crypto.
Episode 1: The Blockchain you Don’t know (With Roger Ver)
https://www.youtube.com/watch?v=VsHnlTk6zhI (Don’t forget that Roger Ver isn’t just your average investor, him being on this podcast does speak volumes by itself)
Episode 2: Show me the Value
https://www.youtube.com/watch?v=nJCS-XiOdyM(Give special attention to the final few minutes of this one).
Best wishes to everyone and remember to always
do your research and always diversify.
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